Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.82% | +0.86 | 0.96% |
| Return on Equity (%) | ▲ | 15.69% | +6.32 | 9.37% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.65 | 2.88% |
| Efficiency Ratio (%) | ▲ | 55.18% | -16.25 | 71.43% |
| Pre-Provision Profit ($M) | ▲ | $5 | +2.09 | $3 |
| Cost of Funds (%) | ▲ | 2.23% | -0.50 | 2.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $983 | -0.09 | $983 |
| Gross Loans ($M) | ▼ | $748 | -15.42 | $763 |
| Loan Growth YoY (%) | ▼ | 85.19% | -0.68 | 85.87% |
| Total Deposits ($M) | ▼ | $863 | -10.46 | $873 |
| Shareholders Equity ($M) | ▲ | $114 | +11.69 | $102 |
| Tang. Book Value ($M) | ▲ | $114 | +11.69 | $102 |
| TBV excl. AOCI ($M)** | ▲ | $120 | +12.44 | $108 |
| Loan / Deposit Ratio (%) | ▼ | 85.19% | -0.68 | 85.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.59% | -0.04 | 0.63% |
| Allowance / Loans (%) | — | 1.67% | -0.04% | 1.71% |
| Net Charge-Off Ratio (%) | ▲ | 0.05% | -0.06 | 0.11% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.69% | +2.03 | 17.66% |
Noninterest income ($1.72M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄▄▅▅██ | Net Interest Margin (%) | 2.32% | 2.42% | 2.83% | 2.88% | 2.95% | 3.06% | 3.49% | 3.52% |
| ▁▁▁▂▃▅██ | Return on Assets (%) | 0.82% | 0.83% | 0.71% | 0.96% | 1.12% | 1.28% | 1.71% | 1.82% |
| ▅▅█▇▆▅▁▁ | Efficiency Ratio (%) | 66.4% | 66.4% | 75.4% | 71.4% | 68.7% | 65.6% | 57.4% | 55.2% |
| ██▆▅▄▃▁▁ | Cost of Funds (%) | 3.04% | 3.05% | 2.76% | 2.73% | 2.58% | 2.46% | 2.23% | 2.23% |
| ██▅▂▂▁▁▁ | NPA / Assets (%) | 0.79% | 0.82% | 0.71% | 0.63% | 0.63% | 0.60% | 0.58% | 0.59% |
| ██▅▂▂▁▁▁ | Net Charge-Off Ratio (%) | 0.35% | 0.32% | 0.21% | 0.11% | 0.10% | 0.05% | 0.05% | 0.05% |
| ▁▁▂▂▄▇██ | Tang. Book Value ($M) | $100 | $99 | $102 | $102 | $107 | $112 | $115 | $114 |
| █▆▅▂▂▁▁▁ | Gross Loans ($M) | $825 | $802 | $786 | $763 | $758 | $742 | $750 | $748 |
| █▃▅▄▃▁▃▂ | Total Deposits ($M) | $912 | $863 | $880 | $873 | $868 | $847 | $866 | $863 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 21% |